Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin replace Gold someday?
by
Agios
on 07/08/2020, 00:52:10 UTC
The narrative that bitcoin will replace gold as a safe haven asset one day has attracted various responses from many parties, especially in the cryptocurrency circle (cryptocurrency). But many people say: Bitcoin is not a substitute for gold for the following reasons:
1. Bitcoin is a risky asset.
2. People know gold for more than 3000 years, while Bitcoin is only 11 years old.
3. Gold prices are stable while Bitcoin is Volatile.
So I think Bitcoin can be a safe haven or replace gold if Bitcoin mining is complete, and spread Bitcoin evenly throughout the world, so that the price of Bitcoin will be more stable.